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Shares of US-listed Chinese Stocks Are Possibly Trading Higher Ahead of Expectations That the People's Bank of China Will Cut Rates. Also, the Sector May Be Experiencing Strength After the Fed Cut Rates by 50 Basis Points.
U.S. stock market anomaly | Electric vehicle stocks rise, Xpeng (XPEV.US) up more than 6%.
Electric vehicle stocks are rising, as of the time of writing, xpeng has risen more than 6%.
Express News | Futu Technology: Has achieved mass production of the supporting project for Xiaomi autos SU7.
Darden Restaurants Posts Q1 Results, Joins Tesla, Nvidia, XPeng And Other Big Stocks Moving Higher On Thursday
Express News | The three major U.S. stock indexes opened collectively higher, with the Dow rising 1.14%, the Nasdaq rising 2.32%, and the S&P 500 index rising 1.64%. Chip stocks were generally up, with ASML Holding up over 5%, Arm Holdings up over 4%, Nvidia and Taiwan
Express News | Ishares China Large Cap ETF up 2.9%, Kraneshares CSI China Internet ETF up 3.6%
Express News | Alibaba up 4%, PDD Holdings up 3.7%, NetEase up 2.6%, Baidu up 3.2%
Express News | Li Auto up 3%, JD.com up 5.9%, NIO up 5.4%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket as Domestic Stocks Close Higher After Fed Rate Cuts
What's Going On With XPeng Shares Premarket Thursday?
China NEV Retail at 445,000 in Sept 1-15, up 12% From Same Period Last Month
The European Union car market is clouded: new car sales in August hit a three-year low, with EV sales down 43% year-on-year.
1. The new car sales volume in the European Union in August fell by a staggering 18.3% year-on-year, dropping to the lowest level in three years; 2. The European Automobile Manufacturers' Association stated that the sales of full electric vehicles in the European Union in August decreased by 43.9% year-on-year, marking the fourth consecutive month of decline.
Xpeng P7+ Makes Real-life Debut, Launch Expected in Q4
Express News | China concept stocks rose before market, xpeng rose 5%, alibaba rose 4%, li auto inc rose over 3%.
XPENG to Unveil the Future of AI Mobility in Europe at Paris Motor Show 2024
In the period from September 1st to 15th, the passenger vehicle market sold a total of 0.828 million vehicles, an 18% increase compared to the same period last year.
On September 19th, the China Passenger Car Association issued a statement saying that from September 1st to September 15th, the passenger vehicle market sold 0.828 million vehicles, a 18% increase compared to the same period last year, and a 12% increase compared to the previous month.
In the first half of September, the retail sales of new energy passenger vehicles in the mainland increased by 63% year-on-year and 12% month-on-month.
China's passenger vehicle market information joint conference released data showing that from September 1st to 15th, the retail sales of passenger vehicles reached 0.828 million, an increase of 18% compared to the previous year, and an increase of 12% compared to the previous month. The national passenger vehicle manufacturers wholesaled 0.868 million vehicles, an increase of 9% compared to the previous year, and an increase of 45% compared to the previous month. So far this year, cumulative retail sales have reached 14.293 million vehicles, an increase of 3% compared to the previous year, and cumulative wholesale sales have reached 16.808 million vehicles, an increase of 4% compared to the previous year.
CICC: Q2 revenue and cash flow improvement, focusing on product cycle and intelligent driving iteration.
Recently, nio inc-SW(09866), xpeng-W(09868), and li auto inc-W(02015) released their 2Q24 performance, and the gross margin of the three new electric vehicle companies exceeded market expectations, meeting performance expectations.
He Xiaopeng: It is expected that fewer car companies will remain in the game in the future. The next focal point for electric vehicles will be the annual sales of one million vehicles.
Regarding the impact of Tesla's (TSLA.US) Full Self-Driving Software (FSD) entry into the Chinese market on the industry, He Xiaopeng, Chairman and CEO of Xpeng (09868.HK), stated at the 2024 Yunqi Conference opening ceremony that it requires different and good technologies to disrupt the market and see market changes. It is estimated that there will be fewer car companies remaining in the market. He believes that the next stage of competition in the new energy vehicle market is who can produce and sell 1 million new energy vehicles each year, but this is only the entry ticket for the elimination round, which means that those who fail to achieve this will be eliminated. And if the hardware products have artificial intelligence capabilities.
Express News | Henry Xiaopeng drove the world's first AI car to debut at the 2024 Yunqi Conference.